Donor countries set international standard for preventing sexual exploitation, abuse, and harassment in development sector

This article is brought to you in association with OECD. Members of the OECD’s Development Assistance Committee (DAC) – 29 donor countries and the EU – agreed on a comprehensive set of recommendations aimed at preventing sexual exploitation, abuse and harassment in the aid sector. The DAC Recommendation on Ending Sexual Exploitation, Abuse and Harassment in […]

Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity

This article is brought to you in association with OECD. Luxembourg’s economy has grown at a robust pace and has enviable levels of well-being, but public policy can do more to make growth sustainable and inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Luxembourg discusses the challenges of making housing more […]

Japan must urgently address long-standing concerns over foreign bribery enforcement

This article is brought to you in association with OECD. Japan must step up enforcement of its foreign bribery laws and strengthen the capacities of its law enforcement agencies to proactively detect, investigate and prosecute the foreign bribery offence, according to a new report by the OECD Working Group on Bribery. According to the Working Group, […]

Citing public anger and youth activism, OECD Secretary-General urges governments to heed calls for climate action

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría today said governments must face up to mounting anger, particularly among youth, on climate inaction. In a major speech in Geneva, he named OECD countries leading the way to decarbonise their economies, and listed worrisome developments in other key countries that are slowing down […]

Aid used for trade is helping developing countries diversify

This article is brought to you in association with OECD. Using development aid to build trade capacity in poor countries is helping to improve economic diversification and to economically empower marginalised groups, yet progress remains geographically uneven, according to the latest OECD-WTO report on Aid for Trade. Aid for Trade at a Glance 2019: Economic Diversification […]

Abuse of authority provisions adopted by the Senate raise concerns over Brazil’s capacity to ensure independence of prosecutors and judges in fighting corruption

This article is brought to you in association with OECD. The OECD Working Group on Bribery reaffirms the importance of the independence of prosecutors and judges and is concerned that Brazil’s achievements in fighting corruption may be seriously jeopardised by recent legislative developments. On 26 June 2019, the Brazilian Senate adopted a Bill which, in addition to […]

Governments should renew efforts to reform support to agriculture

This article is brought to you in association with OECD. Governments worldwide provide more than USD 500 billion in often ineffective and trade distorting support to farmers each year, and efforts to reform these policies have largely stalled, according to a new OECD report. Agricultural Policy Monitoring and Evaluation 2019 shows that farm policies in the 53 […]

OECD strengthens co-operation with Morocco – Renews Morocco Country Programme Agreement

This article is brought to you in association with OECD. The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda. OECD Secretary-General Angel Gurría and Mr. Saad Dine El Otmani, Head of Government of […]

New Zealand can improve well-being through better policymaking and reforms to housing and migration policy

This article is brought to you in association with OECD. New Zealand’s economy has stabilised, with solid growth supporting well-being through jobs and incomes. Ongoing implementation of the government’s new well-being approach to policymaking will offer further opportunities to create a more sustainable and inclusive economy for all New Zealanders, according to a new report from […]

Countries must make teaching profession more financially and intellectually attractive

This article is brought to you in association with the European Commission. Countries need to make the teaching profession more financially and intellectually attractive to meet a growing demand across the world for high-quality teachers, according to a new OECD report. Based on the OECD’s Teaching and Learning International Survey (TALIS), the report, Teachers and School Leaders […]

Fossil fuel support is rising again in a threat to climate change efforts

This article is brought to you in association with OECD. Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again, in a threat to efforts to curb greenhouse gas emissions and air pollution, and the transition to cleaner […]

Sweden must urgently implement reforms to boost fight against foreign bribery

This article is brought to you in association with OECD. The OECD Working Group on Bribery has since 2012 repeatedly urged Sweden to reform its laws to ensure the investigation and prosecution of companies that bribe foreign public officials to obtain advantages in international business. Sweden’s legal provisions to hold companies liable for foreign bribery do […]

OECD presents revised Codes on capital flows to G20

This article is brought to you in association with OECD. Cross-border capital flows are an integral component of international finance, but require a balanced framework for removing unnecessary barriers to the movement of capital while providing governments flexibility to cope with instances of economic or financial instability,  OECD Secretary-General Angel Gurria said today. The recently revised […]

OECD joins with Japan to fight financial crime by establishing new academy

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan. The signing, which took place in the margins of the meeting of […]

Implementation of tax transparency initiative delivering concrete and impressive results

This article is brought to you in association with OECD. International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released today by the OECD. More than 90 jurisdictions participating in a global transparency initiative under the OECD’s […]

International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

This article is brought to you in association with OECD. The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. The 129 members of the OECD/G20 […]

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

This article is brought to you in association with OECD. The Latvian economy is thriving, with strong job growth driving convergence with more advanced economies. Efforts should now focus on reducing inequality, responding to the challenges posed by population ageing and making growth stronger, inclusive and greener, according to two new OECD reports. The latest OECD Economic […]

Migration policy affects attractiveness of OECD countries to international talent

This article is brought to you in association with OECD. The most attractive OECD countries for highly qualified potential immigrants are Australia, Sweden, Switzerland, New Zealand and Canada, in part because of favourable admission and stay conditions. Most countries can increase their attractiveness by accelerating application procedures and offering better residence conditions to highly qualified migrants […]

International trade statistics: trends in first quarter 2019

This article is brought to you in association with OECD. Growth in G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, remained weak in the first quarter of 2019. G20 exports rose marginally by 0.4% quarter‑on‑quarter while imports fell by 1.2%. Compared to the third quarter of 2018, when the first round of new tariff measures affecting US-China trade […]

Forty-two countries adopt new OECD Principles on Artificial Intelligence

This article is brought to you in association with OECD. OECD and partner countries formally adopted the first set of intergovernmental policy guidelines on Artificial Intelligence (AI) today, agreeing to uphold international standards that aim to ensure AI systems are designed to be robust, safe, fair and trustworthy. The OECD’s 36 member countries, along with Argentina, […]

OECD warns global economy remains weak as subdued trade drags down growth

This article is brought to you in association with OECD. Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook. The global economy is expected to […]

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

This article is brought to you in association with OECD. Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook highlights that most SME […]

Joint OECD and World Bank report urges governments to improve resilience to disasters and related fiscal risks

This article is brought to you in association with OECD. Rapid economic development and climate change are increasing our vulnerability to natural disasters, and a new joint OECD-World Bank report calls for pro-active management of the financial costs of those disasters before they strike. Released during the annual OECD Forum in Paris, Fiscal Resilience to Natural Disasters estimates that natural […]

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

This article is brought to you in association with OECD. Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook highlights that most SME […]

Urgent action needed to address growing opioid crisis

This article is brought to you in association with OECD. Governments should treat the opioid epidemic as a public health crisis and improve treatment, care and support for people misusing opioids. Overdose deaths continue to rise, fuelled by an increase in prescription and over-prescription of opioids for pain management and the illicit drugs trade, according to […]

Italy should boost spending and strengthen cooperation and integration of employment services to help more people into work

Mr Giuseppe CONTE, Italian Prime Minister. Copyright: European Union Event: Special meeting of the European Council (Art. 50) This article is brought to you in association with OECD. Italy should boost spending and cooperation at national and regional levels as part of broader efforts to help more people into work and reduce the country’s high unemployment […]

Japan’s agro-food sector would benefit greatly from policies to boost innovation, entrepreneurship and sustainable resource use

This article is brought to you in association with OECD. Japan’s agriculture sector has traditionally been characterised by small-scale rice production, but has recently begun to respond to new market opportunities for higher value food products across a rapidly growing East Asia. Today, rice represents less than 20% of the value of agriculture production, and larger, […]

OECD Secretary-General statement on Europe Day

This article is brought to you in association with OECD. “Today we celebrate Europe Day, marking the anniversary of the historical ‘Schuman declaration’. Like the European Union and its institutions, the OECD is the offspring of a period that had witnessed the destruction of war and realised that co-operation across borders is the only way forward […]

Governments should step up their efforts to give people skills to seize opportunities in a digital world

This article is brought to you in association with OECD. Governments must urgently step up their efforts to improve their education and training policies to help more people reap the benefits of the digital transformation and to reduce the risk of automation widening inequalities and driving unemployment, according to a new OECD report. The OECD Skills Outlook […]

Finland should do more to improve job prospects of low-skilled youth

This article is brought to you in association with OECD. Finland must make every effort to streamline the benefit system and encourage young jobseekers to look for work in order to reduce the share of under-30 year-olds who are not in employment, education or training (NEETs), according to a new OECD report. Investing in Youth: Finland says […]

Mexico needs a new strategy to boost growth, fight poverty and improve well-being for all

This article is brought to you in association with OECD. The Mexican economy is expanding at a moderate pace, underpinned by a strong macroeconomic framework and robust exports tied to the country’s deep integration into global value chains. A new strategy is now needed to boost growth, reduce high levels of poverty and inequalities, and improve […]

Low productivity jobs continue to drive employment growth

This article is brought to you in association with OECD. Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low wage activities, says a new OECD report. The latest Compendium of Productivity Indicators says the trend has compounded the impact of generally weak business investment on productivity growth. The […]

Russia must urgently step up fight against foreign bribery

This article is brought to you in association with OECD. The OECD Working Group on Bribery has repeatedly recommended since 2012 that Russia rectify key legislative deficiencies in order to comply with the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention). Russia must also increase foreign bribery enforcement, having […]